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Home My Public Portal About281 (01-13-26) . . . . � ,. . • . . . , . . . . . - .. . . . . . � , , . . . , . . . . . . - . � . . - e . '�.. . �. . ., . . .. . ., �, . . . � �'.. . . .. .. ..�.,.. _ `,i,:..: ; . . . . . . � . , � � . � . s ' - , . . . . ' , , � . � . . .. . .. ; -. . � ..� , . , , �� - ..� .. . .. ' �";. � .� � :. . ��'. - . . ... . �r...� ' , � . .. , . ...,, � . ..,... � . �.• � ' � ' .' !.. . , . � . . ,, . . , .. . . . . , - . . � � . . , . . , . . .. ; .,, . e . . ... . , . � .. . . . - . .. . ,` .., .. .. . . . . � � , i .. ' ;. . . ,...� , . ,_ -. . ':,. RESOiulzen� nTo. zai • . . f , . , ,. . . • � A� RESGI,UTIOIv OF TNE',BCARD OF' TRUSTEES OF THE CITY � � � , OF LYl��+'100D, CAI,IFORSTIA, REZATING TO TH� ISSUt1IQC� ' , �. OF STREET IP11I'RO�TF�IEP?T BOITDS; PURSU�Ni TO RESOI,UTI'OPt �" OF .°I?`vTEI�TIOPd �n�U'iJiB£R 254, DETERI�"iISIING THE_ AP�:OUNT 'OF ' iTNPl�ID ASSESSNiENTS;, PRESCRIBING THE DET10h4ITnATIGI�TS ' �* • OF SUCH.BOPIDS AlQD ,PROUIDIP?,G..FOR THEIR ISSUt1ATCE. , . `' . , , • , ' - �., _:.. �VIHEREAS, •pursuant to statute, noti:ce of filing_list, of unpaid �� assessments was`duly given in the,manner and•�orm required by law;; .• that the•iVarrant, nssessment'and Uiagram recorded.or_ the'T9th day•: , of November, 1925, for the work and.improvement.made by P;2: A. and - �" r R. H.,Hughes under that csrtain co7itract them on the 15th �- `day.oP July, 1°25, ,on a portion_-of Burton Avenue in said�City, and '° that said '+�`arrant, �ssessment and Diagram were,returned to the . - � Street 5uperintendent of'Streets;,together with,a�.wri.tten,stateinsnt. of alT`,payments received upon the,said assessment, anfl.af'ter ths full expiration of twerty '(20) full daya from.the.date o,f sa'id : • warrant,,tho said Street Superintendent duly made..and tiled with the '°,City Clerk of the said City,of Lynwood,-a.complete.list of 'all assessments unpaid upon ths^said assessment, which list is now on file in :the`offiee of the.City Clerk�of said City; now upon evidenee � shown`this Board.of.�Trustees determines that the assessments'thsrein�� mentioried.x�ere then unpaid, the total aggregate thereof.being,the.sum '° of Ten thousand two hundred ttiventy-one dollars and.twenty-Your cents '� (y�10",221.24), and that assessment numbersd 50, ag�regating Three . � �,hundred 'eleven dol`lars'and'nine� cents (�11.09)=, and no-other has - '.- sinca beeri paid,.lea,ving balance due ori account of.,said unpaid. ' asaessme'r:ts o� I�Tiiie tYiousand nine -hundrsd ten dollars . and Yifteen "�. . -;� ' cents- (�9,'9,10.15); and said, list of asses,smerits unpaid•filed by .th`e �� •Street'Supsrintendent,'as aforesai:d, appearing in all respects com :; pl�ete.and,cbrrect aft.er excepting and deducting; assess-' - inents paid.since the filing thereof, as hereinabove set.Yorth. �� - :Referenee is hereby made to,Resolution of Intanti'on I�umber 254 � -, °of the'°Board of of the �ity of-Zynwood passed on.the.20th �� day, of• I�4ay,., 1925, for a eomplete description o� the work her.eiri men- , " 'tioned, and to the list of,unpaid assessments•filEd:as 'abovo noted - `� ° 'for the assessmenl;s unpaid. � � . ,�1ND t'IHEREAS, interested, persons� idere notifi.'ed in` ths �manner, re- quired`by law •to appear the.Board of Trusteos "of the City of . , y •;:I,ynwo`od, �alifornia, in the.Council Chamber,of'the.Ci-ty in.:the- ° ..• °.� ; said City,'at the hou'r.of eight (8:00) o'clock P. M. the 6th day of."� F Janitary,, 1926, arid show cause rdhy tionds� should not be issued upon the ' ,, seeurity of the,unpaid-assessmentS,sho�vn on said Street Superinten- dent's 1ist; and, .. . . ': : `` „ _., _ �.�. . .' , . ... ::... . , ...._ . .. .,. . . "" P�?iEREAS, notice was duly given:in the mannsr and`form re`quired " by law that serial bqiids to represent unpaid assessr�ents bearing • ' interest at the rate,of s {7) psr cent per annwn will be issu6d , hereunder in the manner provided;in the "Improvement Bond Act of . �v =- - 1915", the.last,installmsnt of whieh bonds wi11 mature nine _(.9) years .. `. from�the 2nd day of Jiil'y next succeeding ten:(10) months from their ° .. , -. , •.. aate,.: � . �lnd all interested persons having app.eared�before this Board', '.��.'.of Trustees; and having,beeri given full opportunity to "shov✓�cause.• � �.� .,- why bonds should..not'be issued upon security of t.ne'.unpaid `, � assessments shown•on the.-said listti, and'all objections pr,esented;; �. having rbeen and, considered. � ., . , . . . .. . . . _ , . . 5 . . � , :�. , � . -- • NOP! BE IT RESOZ�D, that the Board of Trustees does hereby Yind and determine that,no oause has been shown why bonds should not be issued upon the seeurity of the unpaid assessments, and does hereby"overrule all objections thereto, and does hereby direct the issuance of said bonds, and £urther . ' BE IT RESOI,VED AS F'OI,ZOi'!S, that bonds shall be issuecl upon the seourity of the said unpaid assessments to said amount of Tdine thousand nine nundred ten dollars and iifteen cents (�9,910.15). The said bonds shall be tv��enty (20) in number, and shall be dated January 13th, 1926 arid bear.interest at the rate of seven per cent (7�) per annum, and the denominations of said bonds and the ' dates of the respective maturities thersof, shall be as follorvs: Bond No. Amount Date of Maturity 1 �500.00 � July 2, 1927 2 491.00 do 3 � �"500.00 July 2, 1928 g 491.00 do - 5 �500.00 July 2, 1929 6 491.00 do ry y500.00 July 2, 1930 g 491.00 ' ao g �500.00 July 2, 1931 10 ' . 491.00 ao 11 �500.00 ` July 2, T932 12 '.491.00 do 13 �500.00 July 2, 1933 , 14 491.00 . do 15 ' �500.00 July 2, 1934 , 16 • 491.00 do lq �500.00 July 2, 1935 18 491.00 do 19 . �500.00 July 2, 1936 20 491.15 do The �irst coupon of interest sha11 be for intersst from December ' 12, 1925 to January 2, 1927, and the several coupons thereafter sha11 each be for the semi-annual intsrest, and BE-IT RURTHER.RESOLVED, that the signature of.the Treasurer of the said ^ity upon the coupons attached to the said bonds, shall be lithograph�d or printed sign�tura in place of signature by hand, and BE IT I'URTHE3 RESGI,V�'D, that the City Clerk of the said City of Lynvrood, be, and he is hereby authorized and directed to deliver " forthvaith the bonds hereinabove enumerated to �'lliott and Horne.Com- �pany, assigneo of the Contractor, in satisfaction of the balance due upon its assessment and Warrant. I hereby certiYy that the foregoing Resolution was duly and regularly passed by the Board oY Trustees of City of Lyuwood at an adjourned regulas� mesting.of the said �oard, held on the 15th day _ . ,,,+ . of Janua'ry, 1926, by the following vote, to-wit: �. . - . AYES: Trustees Tweedy, Gordy, �eed, Downey nTOES : r?one ABSF�T: Trustee Anderson � . " " Approved: F. rd. Dovrne , �'residen o the oard of `1`rus ees � of the City of Zynv�ood,_California. � �TTEST: • Fred E. 'vYelch � i y lerk.